What is a credit score? A credit score is a 3-digit number that allows lenders to determine a potential borrower’s credit risk—the risk they run of not paying back their credit cards or loans. Canadians typically cannot borrow money or receive a credit of any kind unless they have a solid credit score.

Updated June 11, 2018. There are many newly opened credit card rewards card, you need within a specified time, usually three months after the opening card, to complete a certain amount of consumption, in order to get a new open card rewards. And this open challenge card spending, has become an obstacle to open the card, especially when open AMEX American Express card, because usually view is that a lot of places are not in fact as long as the income [AMEX think about it, the place is really close AMEX not too many fishes]. In Canada, the common large open card spending […]

In Canada, It is always a good idea to know about your credit report, read though it and understand it, call the credit bureau in case you find any error. There are many ways to get credit score.

Occasionally hear people say: “I do not like to apply for too many credit cards, because it will affect my credit score”; “Banks often take the initiative to provide a new credit card to me, I refused”; or “most of the best credit cards are canceled, leaving only twelve credit card “and so on. Their credit scores are concerned about is a good thing, but the problem is that most people actually do not have a credit history to find out how it is, or even your credit score is how many do not know that they pay attention to talk […]

Update December 2017. In Canada To apply for credit, such as mortgages, credit cards, mobile phone services, company or bank will credit ratings agencies in the query. Canada has two credit rating agencies, one is Equifax, one is TransUnion. These two ratings agencies both associativity (all granted credit are presented to the two institutions), but also the independence of the (record queries only appear in the credit rating agencies). For example, someone wants to apply for a credit card RBC Bank, RBC will query the TransUnion credit, the English called Hard Pull this record will stay in TransUnion files which according to the information […]